Inflation slumps in August

Sunday, 08 September 2013 - 18:53


Inflation, as measured by the Colombo Consumers Price Index computed by the Department of Census and Statistics decreased to 8.0 percent in August 2013 from 8.3 percent in the previous month, on an annual average basis.


However, the inflation rate on a year-on-year basis increased to 6.3 percent in August 2013 from 6.1 percent in the previous month.


This increase was mainly due to the low base that prevailed in August 2012.